Letter from Rt Hon Baroness Symons, UK Minister of State International Trade and Investment in response to NGO memorandum on the Baku-Ceyhan oil pipeline.
An official report has found that villagers in Eastern India, have suffered harm to their livelihoods as a result of a Bank-backed coal mining project.
The International Finance Corporation has indicated that its decision on whether to support the controversial Baku-Ceyhan oil pipeline will be taken in the third quarter of this year, not in April as had been expected.
A new official report has found that villagers in Jharkhand state, Eastern India, have suffered harm to their livelihoods as a result of a Bank-backed coal mining project.
Following a visit to the UK by activists from Azerbaijan, Georgia and Turkey UK groups have sent relevant UK ministers a memorandum outlining 10 sets of issues, including assessment, consultation and compensation as well as corruption, debt and legal issues. They are demanding a response before the IFC takes a decision to move the project into its decision-making cycle (posted 18 Nov. 02).
In early October the International Finance Corporation (IFC) announced that it would not back the Rosia Montana goldmine in Romania.
Communities in Cameroon affected by the World Bank financed Chad-Cameroon oil pipeline have filed a new claim with the Bank’s Inspection Panel.
On October 10th, the International Finance Corporation (IFC), the World Bank’s private lending arm, announced that it would not financially support the controversial Rosia Montana gold mine project in Romania’s Apuseni mountains.
An agreement between oil multinationals and the government of Turkey for an IFC-backed pipeline exempts the companies from obligations under Turkish law that may threaten the project’s profits, including environmental, social and human rights legislation.
Project Underground, a US NGO working on mining issues, has released a damning assessment of the way that the IFC’s Compliance Advisor/Ombudsman (CAO) has handled complaints about a mine in Peru.